State Treasury Rejects Oregon Department of Forestry’s Request for $60 Million Loan

By Nigel Jaquiss
Willamette Week
November 18, 2024
Category: Forestry
Region: United States, US West

OREGON — The state’s in-house banker looked at the repayment promise that the Oregon Department of Forestry offered in exchange for a $60 million loan and said, “No.” …The ODF approached the treasury for a loan last month after a record-setting wildfire season left the agency with a stack of unpaid invoices. It is often the case that the department, which leads the state’s response to wildfires, hires contractors to do the work, then bills the federal agencies that own the land where many fires occur. This year’s fire season, which saw nearly 2 million acres burn, cost $133 million—more than twice the previous high and far more than the agency budgeted. …Treasury officials worried about the ODF’s reliance on future funding from the Legislature… as one legislature cannot obligate a subsequent legislature. …Forestry spokeswoman Joy Krawczyk says her agency will now ask lawmakers for the money instead.

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